Zambia urges investors to ignore "unsolicited" Moody's downgrade

Zambia’s government has urged investors to ignore a credit downgrade from Moody’s, saying the rating was “unsolicited.”

“The assessment made by Moody’s that Zambia’s credit rating had deteriorated should be ignored because its correctness was not discussed with any authorized representative of the Zambian government,” it said in a statement on its Facebook page.